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MACD Divergence Indicator MT4

FREE

Published: 3 April 2022

Current version: 2.7

MACD Divergence Indicator MT4

Name: MACD Divergence Indicator MT4
Rating: 3 (3 reviews)
Author: Amir Atif

Indicators
Amir Atif
Version: 2.7
Updated: 28 February 2023

Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals.

Three confirmation type for MACD divergences:

MACD line cross zero level
Price returns to previous H/L
Creating a new ZigZag leg in price chart

When divergence is confirmed, the indicator draws an arrow on the chart (not for the new ZigZag leg confirmation type).

This indicator uses ZigZag indicator to determine trend direction and HH/LL of the price, you can change the ZigZag parameters in the indicator's input window. You can add the ZigZag Indicator to your chart template to have a better look of painted divergences.

You can use indicator's divergence type buffer in your expert advisors.

You can check out the multi-timeframe/multi-symbol version of this indicator from this link.

more...

Hossein A. 2023.10.28 10:02 #

Hi, Thanks for publishing this indicator for free. Hope to see more from you.

1726

faithdefender 2023.04.26 15:46 #

I like it. Sometimes the simple things in life are free. It works fine on my platform, so I must have the update? Thank you

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RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters -> click here . How to get

60 USD

MACD Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find regular and hidden divergences between price chart and MACD indicator. This divergence scanner is integrated with support and resistance zones so you can check the MACD divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Full description of scanner parameters

60 USD

Candlestick Pattern Scanner is a multi-timeframe and multi-symbol dashboard and alert system that checks all timeframes and currency pairs for different candlestick patterns that are formed in them. Scanner is integrated with support and resistance zones so you can check the candlestick patterns in most important areas of the chart to find breakout and reversal patterns in the price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Read the full description of scanner par

30 USD

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk.Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download full version here ( In the mini version. Starting lot is fixed at 0.01 (or minimum allowed lot size ) Guide + tips here MT4 version here You only open the

FREE

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk. Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download Demo here (starting lot is fixed at 0.01) Guide + tips here MT4 version here You only open the first order. When your trade goes into profit RM opens a n

375 USD

Advanced Bollinger Bands Scanner is a multi symbol multi timeframe Bollinger bands dashboard that monitors and analyzes the Bollinger Bands indicator from one chart. This panel monitors the Bollinger bands indicator in up to 28 configurable instruments and 9 timeframes for price overbought/oversold, price consolidation (Bollinger bands squeeze), and consolidation breakout (squeeze break) with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here

50 USD

Ichimoku Assistant is a multi-timeframe panel and alert system that scans all timeframes for multiple rules related to different ichimoku strategies. The Ichimoku indicator has 5 different lines, including Tenkan-sen, Kijun-sen, Senku Span A, Senku Span B and Chikou Span. This scanner checks the status of these lines compared to each other and gives alert based on your selected rules. If you are using ichimoku kinko hyo in your trading strategy, this scanner and its alert and filtering system is

60 USD

Order Manager is a trade assistant with money manager that helps traders open, modify and close manual trades in a simple way to help them focus more on their market analysis and open orders with just a few clicks. Download Demo here (It only works on demo accounts) Full guide here MT4 version here Order Manager features: Works on all instruments such as currency pairs, CFD, metals, cryptocurrencies, etc. Proper money management with a built-in lot calculator that includes five lot calcu

40 USD

ATR Scanner Pro is a multi symbol multi timeframe volatility scanner that monitors and analyzes Average True Range indicator value in up to 28 symbols and 9 timeframes in 3 modes : ATR value: As a volatility dashboard it shows the ATR indicator value in all pairs and timeframes and signals when the ATR value reaches a maximum or minimum in a given duration. Short term ATR/Long term ATR ratio: It shows ratio of 2 ATRs with different periods. It's useful in detecting short term volatility and e

50 USD

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk. Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download full version here ( In the mini version. Starting lot is fixed at 0.01 (or minimum allowed lot size ) Guide + tips here MT5 version here You only open the

FREE

50 USD

Advanced Indicator Scanner is a multi-symbol multi-timeframe scanner that works with hundreds of custom indicators available across the web including mql5 website market and codebase indicators. Advanced Indicator Scanner features: Scans your indicator in 28 customizable instruments and 9 timeframes. Monitors up to 2 lines(buffers) of an indicator. Showing of indicator value on buttons. You can choose between 3 alert modes: Single symbol and timeframe Multiple timeframes of a symbol Multipl

90 USD

Stochastic Scanner is a multi symbol multi timeframe Stochastic dashboard that monitors the indicator for price entering and exiting overbought and oversold in up to 28 symbols and 9 timeframes. Download Demo here (Scans only M1 and M5) Settings description here MT5 version here Stochastic Scanner features: Signals price entering and exiting the overbought and oversold zones. Monitors up to 28 customizable instruments and 9 timeframes at the same time. You can choose between 3 alert mo

40 USD

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk. Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download Demo here (starting lot is fixed at 0.01) Guide + tips here MT5 version here You only open the first order. When your trade goes into profit RM opens

375 USD

50% off. Original price: $60 Triangle Finder is a multi symbol multi timeframe dashboard that finds symmetrical triangle pattern in 28 symbols and 9 timeframes with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1, M5 and M10) Settings description here MT4 version here Triangle Finder features: Realtime monitoring of 28 customizable instruments and 9 timeframes at the same time. Deep scan mode to scan all market watch sym

30 USD

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Hossein A. 2023.10.28 10:02 #

Hi, Thanks for publishing this indicator for free. Hope to see more from you.

1726

faithdefender 2023.04.26 15:46 #

I like it. Sometimes the simple things in life are free. It works fine on my platform, so I must have the update? Thank you

nswyin27 2022.11.12 02:23 #

I downloaded it but it can't display on the chart...

--- now it works! Thanks Amir.

64953

Reply from developer Amir Atif 2022.11.12 05:34 #

Hi, please check out that if indicator is added to the market folder in navigator window.

ajcarswell 2022.09.13 15:46 #

I had to take it off since it hung my desktop system.

64953

Reply from developer Amir Atif 2022.09.21 10:00 #

Hi
I updated the indicator and the speed and performance issues were solved in the new version. Please download the new version and let me know if there are any problems. Regards

Version 2.7 2023.02.28

+ "No Confirmation (Immediate Alerts)" option added to the indicator, now you can receive alerts for divergences immediately after divergence formation (this option can create repetitive alerts).
+ A parameter added for hiding the divergence arrow.
- Fixed a bug that sometimes creates multiple alerts for a divergence.

Version 2.6 2022.10.31

Fixed a bug in drawing divergence lines and sending alerts for new divergences.

Version 2.5 2022.09.20

+ Significant improvement in the indicator performance and speed.

Version 2.4 2022.09.04

+ A new confirmation type added to the indicator: MACD Cross Signal Line.
+ Indicator performance improved.

Version 2.0 2022.05.21

+ Two confirmation type added to indicator (MACD cross zero level, Price Returns to Previous H/L).
+ For new confirmation types, when divergence confirms, the indicator shows an arrow on the chart.
+ For reducing the indicator's resource usage, now you can set to apply the indicator on how many number of candles.